by Candy | Dec 18, 2020 | Business, Taxes
Are you an employer looking to hire staff in your company? Are you aware that there’s a federal tax credit available to you? If you hire someone from a targeted group, the Work Opportunity Tax Credit is issued by the Internal Revenue Service for hiring someone...
by Candy | Dec 9, 2020 | Business, Featured, Payroll, Taxes
If you are a small business owner, one of the financial requirements you are responsible for undertaking on behalf of your company is the collection and payment of payroll taxes. Payroll taxes, which are a percentage of wages held from employees’ paychecks and paid to...
by Candy | Dec 3, 2020 | Business, Taxes
https://youtu.be/GMRnOZg15iI Are you beginning to think about your tax preparation and what you need to submit to your CPA in order to file your tax return? Today I wanted to discuss a few things to make sure you’re considering when gathering all of your...
by Candy | Nov 24, 2020 | Business, Communication, COVID-19, Software, Taxes
If your staff is dispersed in a large geographical area, you may be overpaying on local taxes. According to CPA Practice Advisor, business owners can often save on local and municipal taxes when they have a distributed workforce. This is because cities assess taxes...
by Candy | Nov 13, 2020 | Business, Taxes
The IRS recently sent out a flurry of penalty notices to employers who they claim did not deposit adequate funds with their quarterly Form 941 filings. This has left many small business owners scrambling to find out what happened and decide how to remedy the...
by Candy | Nov 12, 2020 | Bookkeeping, Business, Featured, Shared, Taxes
Are you aware that there is a new 1099 form that must be filed in January 2021? That form is called the 1099-NEC. This form is for those who are paid non-employee compensation as independent contractors, or businesses that are paid $600 or more that are not a part of...
